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The demand for injection molding machines is strong, and the market development in the second half of the year is expected

2024.07.01

来源: 塑料机械网

Injection molding machines, as crucial equipment in the field of plastic processing, are currently widely used in various industries such as automobiles, electronics, packaging, and construction. China, being a major consumer and producer of plastic products globally, has continued to expand its domestic injection molding machine market in recent years. Data indicates that the scale of China's injection molding machine market reached 26.35 billion yuan in 2022.

图源:千图网

In 2024, the demand for injection molding machines remains robust, with China's export value of these machines continuing to grow in the first half of the year compared to the same period last year. According to a research report by Guotai Junan Securities, statistics from China's General Administration of Customs show that the export value of injection molding machines reached RMB 5.2893 billion in the first five months of 2024, a year-on-year increase of 14.1%. Specifically, in April, the export value was USD 570 million, up 3% year-on-year.

Overall, the robust demand for injection molding machines in 2024 is primarily driven by indirect exports from industries such as home appliances, as well as capacity transfers and cyclical factors. Multiple securities institutions have also issued research reports expressing their continued optimism for the development of the injection molding machine market in the second half of the year, with leading enterprises expected to benefit.

For instance, Kaiyuan Securities believes that the sustainability of the injection molding machine boom is supported by high visibility in overseas demand from China's automotive industry, rising per capita plastic consumption in emerging markets, and accelerated pace of factory construction by major domestic injection molding machine manufacturers in Southeast Asia. The downstream industries such as automobiles, home appliances, and consumer electronics are expected to further transmit their buoyancy upstream, and the injection molding machine industry is anticipated to maintain its momentum in the second half of the year.

Guolian Securities' research report states that the demand for injection molding machines remains robust due to the trend of automotive lightweighting and the increasing proportion of exports. As the downstream industries continue to improve, the demand for injection molding machines is expected to accelerate in the future.

In addition to these institutions, many plastic machinery enterprises are also optimistic about the development of the injection molding machine business and have expressed their intention to increase investment and continue to develop this business. For example, Yizhimi has maintained growth in its all-electric injection molding machine business in recent years. With the further improvement of its product series and the enrichment of application scenarios, the company is optimistic about the sustained positive development of the market in the injection molding machine business and will continue to deepen its development in key industries such as automobiles.

In summary, as a high-end equipment manufacturing industry, the injection molding machine sector is influenced by macroeconomic and geopolitical factors. With the rapid development of China's new energy industry and the trend of replacing old household appliances with new ones, the injection molding machine industry is expected to usher in a new round of long-term technological upgrading. Coupled with the global energy revolution, the substitution of high-end equipment with domestic alternatives has gradually become a consensus in the industry, and China's injection molding machine industry has great potential for development.

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